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With El Niño, Agricultural GDP Should Be Negative in 2027, Itaú Points Out

Summary by Globo
The forecast of one of the strongest El Niños in recent decades must damage agricultural production and contribute to a fall in agricultural GDP in 2027. This is what shows a report from Itaú prepared by economists of the bank, anticipated to the GLOBO. If confirmed, the result will again interrupt a period of strong expansion of the sector, when it reached the record in 2023, suffered a retraction in 2024 and returned to the maximum in 2025. Ex…

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The forecast of one of the strongest El Niños in recent decades must damage agricultural production and contribute to a fall in agricultural GDP in 2027. This is what shows a report from Itaú prepared by economists of the bank, anticipated to the GLOBO. If confirmed, the result will again interrupt a period of strong expansion of the sector, when it reached the record in 2023, suffered a retraction in 2024 and returned to the maximum in 2025. Ex…

·Rio de Janeiro, Brazil
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Globo broke the news in Rio de Janeiro, Brazil on Sunday, August 30, 2026.
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